Are you OK with printing more money for the govt to spend?

How do you know when it’s excessive?

 

when the bottom half feel hopeless, then they are better off with a reset, or at least can't be any worse in their eyes... the rich need to be careful

Rome did not collapse because they were not wealthy, many were not though and they felt things were not gonna get better with the current system

people vote in this country, you forget about the majority of voters, and we may not like the results

 

it's excessive right now

when every corp you deal with is outsourcing every job they can.... it's excessive

 

So describe what would happen in this “reset”. Are you talking about new house members, senators, and president being elected? Something else?

 

look at Russia when they collapsed, that is similar to what would happen here if we forget about the other half

it would start with voting.... but then with desperate people running the show, the dollar could become worthless - then maybe even civil war as both sides "have nots" blame the "others"

that is one of the reasons Russia has fake posters posting in the USA, they are upset with how we assisted in their fall

when people are hurting, they can easily be manipulated, social media has made that easier, anyone from Russia or any country can post here as an American and pretend to be the worst of both sides, turn us against ourselves

 

And by outsourcing jobs you’re talking about hiring people from other countries? Why do you think people from other countries don’t deserve a job if they can do it?

 

Oh, when you say we need to fear a “reset” you mean we need to fear some sort of revolution?

 

are you American? why do you think American Corps should ship American jobs overseas?

 

Possibly, it will be a reset, how bad it gets is anyone's guess

 

Because people overseas need jobs too. Why shouldn’t they get a job? Perhaps they’re much worse off than you are and need it to survive.

 

so do Americans, does the right not care about them anymore?

 

Maybe the right does? Or doesn’t. I have no idea.

But I’ve got a couple of thoughts. Americans are very rich. So rich, in fact that we can waste time that we could be earning money discussing politics on the internet. Many people in other countries are horrifyingly desperately poor. So if you’re saying that they should not get a job, then I think that’s kind of elitist and, frankly, mean.

Secondly, if you would like an American to have a job, then hire them to do some work for you. Maybe even give them health care benefits. You’d be helping them out.

 

ah, so I get it now

 

Get what?

 

got it

 

You can say “got it” ad infinitum. Nobody can force you to speak your mind truthfully.

 

nor you, guess we move on...

 

Oh, you can ask me any question, and I will answer truthfully. Go ahead.

Or move on. Your choice.

 

There is no answer up there for me.

No, I am not pleased with the government "printing money" to fund boondoggle projects and waste and corruption. The truth is now coming out about how much Coved money was stolen. The Washington elites are great at appropriating money, which is very glamorous, but not interested in the unglamorous part, which is making sure that it is put in the right places.

An BTW, most of the money the government is "printing" is made of electronic markers on computers.

 

Very true. The vast majority of money is simply ledger entries. Even base money (M0) has a large proportion that is not actual paper but simply commercial bank reserves (ledger entries) at the federal reserves

 

While I agree "Printing money causes inflation, and inflation from money printing is a tax," I don't agree the "govt prints whatever extra money it needs."

Three things to consider:

1) Most of what's printed each year is to replace old/damaged bills that are taken out of circulation. In 2013 a yahoo blog stated 90% was printed for replacement and in 2017 yahoo finance reported 70% was for replacement.

2) The Federal Reserve tells the Bureau of Engraving and Printing as well as the United States Mint how much money is needed each year.

3) The Federal Reserve may seem like a federal gov't agency but it isn't. It's a privately held corporation and neither congress nor the president have any say in how much is printed... the gov't can suggest, ask or beg but that's about it.

"The problem is bipartisan" is half right. I agree it's bipartisan, but of what value is any agreement on how much to print if no one but the Federal Reserve's board of govenors can make that decision?

 

Prices will not decline. Inflation is caused by diluting the value of the currency by adding more currency. I is not caused by wealth. It is merely the scoreboard for wealth. That inflation and reduced value of your money is permanent in an environment in which government will not contract the money supply. You live in a prosperous and powerful country thanks to wealth. Go work on earning some for yourself. Do what you can to oppose expansion of the money supply.

 

How much infrastructure could we build or repair with 476 billion? (2022 debt payment)

I'm not proposing that all debt is bad, but we're at the point where the US government is acting more like a spoiled teenager with a credit card.

 

Private wealth does not cause inflation, government monetary and fiscal policy cause inflation. A wealth tax would be utter folly as the many other nations who have tried it and abandoned discovered. Tax consumption to control inflation and leave capital in the free market to grow the economy and jobs and incomes and productivity. Will we ever get such a consumption tax system, I doubt it to much envy and jealousy out there for the highly progressive income tax system we have now or a wealth tax.

 

Which many don't get and the WH and MSM keep trying to gloss over with the proclamations about how inflation has FALLEN thank you Joe Biden what a great job. Prices are up between 20%-25% over two and half years ago. That purchasing power is NOT coming back and in fact at the 3% those of us on fixed income are still losing ground. It takes YEARS to overcome the Bidenflation we just had and all totally unnecessary.